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Vietnam is in the midst of a far-reaching administrative reform that is realigning the country politically and economically - with consequences for European mechanical engineering companies.
In 2026, global machinery and equipment turnover is expected to grow by 2% on a price-adjusted basis. Growth in Asia will remain above average. Stagnation looms in the EU-27.
The global business situation in the mechanical engineering sector remains mixed. While India and Brazil are impressing with good figures, China is struggling with structural challenges. The USA is characterized by the latest tariff policy.
In light of Trump’s tariffs, analysts highlight ASEAN’s risks from trade tensions but remain optimistic about the region's resilience. Singapore’s semiconductor industry stays cautious, exporters diversify suppliers and customers amid uncertainties.
The VDMA Liaison Office for the ASEAN region supports the European mechanical engineering industry: regional presence, understanding the needs of member subsidiaries and improving regional services and offerings.
The economic data from China offers little cause for optimism: domestic consumption is growing slowly. The economic recovery is taking longer than expected. In the real estate sector, there is no hope of a short-term recovery in prices.
The following summarizes the discussions with VDMA members' branches in Turkey and with Turkish mechanical engineering companies as well as the second meeting of VDMA members in Istanbul.
Following last year's price-adjusted decline in turnover, global machinery turnover is expected to rise by a moderate 1 percent in price-adjusted terms in 2025.
The VDMA Business Survey Q3/2025 ran from September 16 to October 1, 2025. 1177 responses were received from 877 companies. The mood has deteriorated further.
Stay successful in a volatile market: VDMA offers an interactive report on European business climate indicators. Follow the developments of your most important European target markets and customer industries at a glance and make informed decisions based on current data.
There are many reasons for European companies to think about diversification of supply chains, production sites and sales markets. Indonesia is increasingly coming into focus in the machinery and plant engineering sector.
It's the same exercise every year: as part of the preparation of the management report, an overview of the overall economic development and the situation in the industry usually has to be provided.
The government is investing heavily in infrastructure and there are multiple market opportunities, but the economy is also suffering from currency devaluation.
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